The past four-year period has been an unusual one. In the calendar years 2012 to 2015, the S&P BSE Sensex first went up by 25% in 2012, then by just 9% (2013), then went up again by 30% (2014) and in 2015, fell by about 5%. It wrecked havoc on many mutual fund (MF) schemes and on those fund managers who thought the economy would witness a turnaround after the Narendra Modi-led National Democratic Alliance swept elections in May 2014 and formed the government at the Centre.
However, by and large the Mint50 basket has done well irrespective of market movement. At the end of the past three calender years, at least 80% of Mint50 schemes have outperformed their category averages over five-year periods. The quest is to get this percentage higher.
Mint50 turned six in 2016, and over the years we have made two subtle changes to our policy of selecting schemes.
